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20131101
20131130
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's needed the most. this is where international assistance is coming in, especially from the u.s., but also from the european union and many other countries in the world. there has been an outpouring of generosity directed at the philippines. we know the first world food program cargo has already left from malaysia. that should be arriving imminently in this country. this is a situation that is not without controversy. there have been some reports of widespread looting and there have been some accusations that the government has not done enough to really clamp down on that looting. some have been suggesting that there should even be marshal law in some of the affected areas and there has been talk of a state of emergency. the president said that the first priority is to deliver aid to the people who need it the most. this is what he had to say. >> and also for those that have been confirmed killed, that is a concern. we have a need for those who are living, those who are injured, the need for footd and the need for water. >> there seems to be a lack of visibility on the exact number of fata
>>> hello. welcome to "worldwide exchange." i'm ross westgate. the headlines today, u.s. treasury secretary jack lew tells cnbc he needs to see more specifics on china's economic blueprint and that market reforms must further. >>> jobless data in 30 minutes, will they underline an improving employment picture for the uk and prompt the bank of england to signal an earlier core inflation report? >>> the russians are drinking less, according to carlsberg. shares fall as the brewing giant lowers forecasts after missing expectations in the third quarter. >>> and the ceo tells cnbc he sees smoother sailing next year. shares up boosted by the forecast beating revenue figures. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. all right. welcome to the program. plenty to get through today. so on today's program, as some of italy's biggest luxury brands report third quarter earnings, we'll speak exclusively with the high-endmaker moleskin. >>> the french economy is expected to show pick up in the final months of the year, we'll be joined b
used to make a significant part of their business in iran and had up to a 40% share in that country. that is, indeed, very good news for the french car maker. i'm not sure that's the positive market change today reflecting the possible departure of the current ceo. it's reflecting the fact that the negotiations with dong phen are going on. they are likely to enrich the deal. they have requested a management reshuffle as part of the deal. also the ceo is facing increasing pressure from the peugot family. there's no question that the peugot family wants a change. the former chief operating officer of rono is about to join them. he could be the first in line to become the first in line to be the ceo of the company. now as part of the plan the risk part of the package for peugot would involve 4 billion capital. 3 billion from dongfeng and from the french state. all of this has not been officially confirmed yet. >> stefan, thanks for that. that's the latest out of france from the automakers. >>> take a look at where we are with bond rates. we actually saw a fall. on that 2.75% yield is w
in tears in the long run. join us for that at 11:45 cet. if you have any thoughts, questions, comments, anything about the show, e-mail us worldwide@cnbc.com. >>> fed chairman ben bernanke says the central bank is committed to its easing monetary policy for as long as necessary. that could mean holding rates near zero until well after u.s. unemployment falls below the threshold of 6.5%. bernanke says the wall street economy has made significant process. it's still far from where officials want it to be. >> i agree with the sentiment expressed by my colleague, janet yellen expressed last week that the surest path to monetary policy is to do all we can to promote a morrow bust policy. the fomc remains committed to maintain a highly accommodative policy for as long as needed. >> the fed decided in september and october to maintain asset purchases of $85 million a month. bernanke says they want evidence of durable growth before scaling back that program. as for what life after the fed may hold, he may follow alan greenspan's path by writing books and following the speaking circuit. when it
. that was janet yellen yesterday. joining us now is brittany jones from wrathbone. good morning to you. >> good morning. >> quantitative easing can't continue indefinitely, but presumably it's going to continue for long enough, isn't it? >> yeah. obviously, they highlighted the -- bernanke highlighted tapering could start in september. that was taken off the table. now it's talking about more taper. but we've got to remember that for tapering doesn't necessarily mean the end of qe. they can still taper. >> this is what the fed wants to get out of the way. then start pricing in tightening because of the fed's dilemma. >> i think they're going to change some of the hurdles. we've seen it from the bank of england. we've had the unemployment rate and suddenly the bank of england's forward guidance might change. the i think the fed will do the same. so it will possibly bring the unemployment target down. they will say they won't raise rates if inflation is below a certain level. tapering and the end of qe does not necessarily mean the end of zero rates, as well. >> does the ten-year range trade betw
we want to know today where do you think the twitter stock will close at the end of the day? send us your thoughts, your e-mail, worldwide@cnbc.com, tweet direct to me @rosswestgate or @cnbcwex. >>> now, besides twitter, plenty of focus on central banks today. flagging inflation in europe's peripheral countries is expected to dominate at the cb's rate decision meeting in frankfurt. geoff and anna have taken up their usual perch in frankfurt and join us for more. big question, guys. as we see the euro at a rate that just isn't just a five at the economic box, does the ecb have any tools in the box to bring it down? >> well, i guess the euro is a challenge here, but depending on who you lisp to at the moment, it's a question of what is happening in the united states and japan and elsewhere rather than what the ecb is doing or what individual european policymakers can do at this point. but the euro is a part of the problem as is the very weak growth story. >> the recovery is still intense. it's gradually progressing, but it's still weak, uneven and fragile. >> we must find a way to clos
economic reforms. the anticipated meeting happens behind closed doors, but eunice will give us a preview at 10:15 cet. >>> in a bid to boost finances and dial into the brazilian market, our guest says people might be overlooking the fact that there is still quite a lot of potential in italy. that's coming up in half an hour. >>> plus, could shale gas energize the fuel industry? we'll be joined by a strong advocate of the technology, the so-called fact master. >>> and at 11:20 cet, we'll be joined by the founder of good night to talk about the massive opportunity he thinks is presented by big data, created by the continued growth of digital. as i mentioned, that's not enough. yes, folks, it is jobs friday stateside. government shutdown expecting to make the report one of the weakest of the year. we'll preview the employment numberes and how the fed is going to reaction to it. that's coming at 11:30 cet. as ever, if you've got any thoughts, comments or questions, we would love to hear from you. e-mail us, worldwide@cnbc.com. >>> but first, the s&p has downgraded france's credit rating for
, very flat close for u.s. equity markets last night. the nasdaq closing above 4,000. so the ftse at the moment, this morning, is just up 14 points. the xetra dax is up 13 points. but we're back at this all-time high, level above 9,3 let you know. cac 40 is up 0.11% and the ftse mib up 0.5%. a number of individual stocks worth looking at this morning. let's kick off with accor. stock down 3% at the moment. the company essentially coming out and saying, look, we're going to split ourselves into two bess. one that's going to be running hotels and the other one we will keep holding lease holds on that, as well. so hotel services and hotel owner, essentially. the first big move really by the new appointed ceo sebastian basan who brought in the previous chief executive back. we'll get more on this with the analyst around 15 minutes time. vivendi is up 2.5% at the moment, approving plans to spin off its french telecom business. the focus on just a handful of media assets. it's named the french industrial as the eventual chairman of the group. and the best performs, aker solutions, up 12
that we have ourselves on which we base our budget and it just confirms the need for us to push forward some of these reforms so we can get bigger and better growth figures. of course, you know, the other two rating agencies have only recently confirmed the aaa status for the netherlands and now s&p has downgraded us to aa plus. i'm disappointed by that fact. >> s&p, though, had better news for cypress. it raised the country's sovereign credit rating to b minus/b. adding that the nation's external position was improving. we'll be joined by s&p's chief sovereign ratings offer at 10:15 cet. >>> now, we have helga. let's kick off on your views of the dutch economy. the outlook is stable. how much pressure are they under? >> they are under a bit of pressure. the economy has been in a recession early this year. the government ought to deliver some further reforms. the government ought to find ways to make sure that the dutch economy is no longer prone to boom-bust cycles. all in all, it's a pretty solid economy still. >> yeah. at the end of the day, they're only one notch below germany, to p
. >>> all right. a warm welcome. we're into the two-hour "worldwide exchange" again after the u.s. changed their clocks over the weekend. now, a lot of earnings out today. details out in a minute. nissan shares taking a big fall in japan today. the automaker cutting its profits down by 20% because of weak sales in asia. we'll get the details in around 10 minutes. helia is in london for a first on cnbc interview with the owner of imperial tobacco. we'll get more at 10:20 cet. >>> and in new york, the year-long mayoral race draws to a close as voters head to the polls today. about front-runner bill deblasio score a victory or is a last-minute upset on the cards? >>> plus, we'll speak to the italian finance minister about his vision for the future of europe. that's at 11:40 cet. and if that's not enough, we're on track -- or are we on track for an equity meltdown? we'll be in philadelphia to discuss the growing fears of an equity bubble. that interview, coming up. but first we start with a big focus on earnings here in europe. here are all the stocks in focus. marks & spencer today up 11.9%,
failed to build record highs on u.s. markets while ecb board members tell cnbc the ecb has options left to spur a recovery. >> negative deposit rate is a possibility. we have been clear already for months ago that some has been discussed technically investigated, legally investigated. now, that said, that's only one instrument in the tool belt. >> the protests in bangkok gathered steam as demonstrators defined new security laws and surround key government limits in a bid to top trillion government. >>> a boost for investors, the spanish oilmaker strikes a deal with argentina over a price for the stake in ybs in 2012. >>> and shipping into gear, crisis as it intend toss lift shares on the new york stock exchanges. the automaker's ipo plans will likely be delayed until sometime next year. >> announcer: you're watching "worldwide exchange" bringing you business news from around the globe. >> announcer: you're watching >>> hello "worldwide exchange" bringing on today's show, we're joined sclus you business news from around ively by the the globe. >> announcer: you're watching "worldwide exc
's season with interesting analysis alongside its release. for more on that, annette is with us in frankfurt. they don't like people saying they have expected surpluses of the eurozone, annette. >> not really. but if you're looking at the euro set figures, then you see that germany has to expect a surplus for the eurozone. they're having a surplus for the rest of the world, i.e. china as well as united states. so that whole imbalance thing within the eurozone, that really makes sense. so then it comes to really -- if you look at the numbers, and those numbers now for the third quarter are most likely going down very well in berlin and not too well in brussels and as well in washington. because as far as first time i can remember is that growth is supported by household government spending and very importantly, i have to stress that capital spending of german companies because during the run up to the elections, we heard a lot of companies complaining about high energy produces, insecurities, when it comes to tax hikes, and a lot of companies did want to spend inside germany, but they were th
the race with over 100 billion dollars in deals. >> we do it when our customers ask us, but it was a big first day. we're not greedy. we'll see how the rest of the show pans out. >> i prefer to build airplanes and deliver them out this decade. >>> shares in aberdeen so i remembers as the firm becomes the biggest asset manager. >> announcer: you're watching "worldwide exchange" bringing you business news from around the globe. >>> and a very good morning to you and evening to you if you're watching in asia. going to kick off the show, all about china growth. marginally beat expectations, 7.8% in the third quarter beat by the old china. the challenge for the country is whether it can change its economy to one driven by consumption. it was mapped out by the country's leaders on friday. some of the sweeping reforms included relaxing the one child policy, introducing welfare system reforms to help free movement of labor and encourage urbanization plus stepping up financial reforms to let market forces play a greater role. for more on the changes and controversial one child policy, eunice eun
from singapore. hi, sixuan. >> thank you, ross. treading markets today with a negative lead from the u.s. the nikkei 225 eased 0.25% after the 7..7% gain last week. the dollar/yen weakening to trade below the 100 level. so that adding pressure to exporter stocks. meanwhile, australia fell for the second straight session down 0.6% at the rba keeps the door open for further cuts. china markets pulled back after yesterday's strong gains. the shack high composite pulled lower by 0.2%. china enterprises lent support to the hang seng indetective which ended on a flat note. seoul sales managed to end with a two-week high. automakers led the gains there. chinese banking shares came under some pressure, especially mid sized lenders. this on concern that financial reforms and interest rates liberalization. banks may face higher margin pressures. the media sector outperformed out records that beijing will make media and entertainment a pillar industry with support this year, encouraging more private enterprises to develop and expand in this industry. so a few thoughts limit up by about 10% today. s
williamson is global chief economist at market that helps compile these numbers and joins us now. chris, how on concerned should we be about france? >> it is a concern that it's slipping in the wrong direction. risk of recession here after small declining gdp in the third quarter. we're running at a level consistent with 0.2% contraction in french gdp. so that is a concern. it's a really difficult story, though, because the survey data is not just ours die verged from the gdp data earlier this year which shows a surprising uplift in the second quarter of the french economy. we didn't get that at all. our picture is a french economy that has turned around alongside the periphery and it's now bumping along at a stagnant level. the danger is you're going to get those headlines which is signaling this renewed recession and that's going to damage business confidence there. >> yeah. and we come at that point when a lot of incident vesters have ridden the cyclical pickup earlier in the year. they've poured money into european equities now wonder wlg they got it a bit wrong. >> well, i think you ove
. we've got the full details at 11:20 cet. >>> plus, it's media earnings week in the u.s. with firms fox reporting 20% less than expected quarterly earnings. we'll get the latest details coming up at 11:20 cet. if you have any thoughts about anything we're discussing today, please e-mail us at cnbc.com. tweet me, @rosswestgate, as well. >>> olsom says it plans to cut 1300 jobs, mainly in europe. a move that means it doesn't need to raise fresh capital. the firm made its announcement as it revealed another big day in french earnings. stephane, what has been investors' reactions about what alstom had to say. >> alstom wants to focus on the cost reduction after announcing for the first half of the year a 20% contract job of its order. the company will cut 1,300 jobs worldwide, mainly in europe. it's going to launch an asset disposal program in the transport sector. it's planning to raise between $1 billion and $2 billion euros from the sale of its minority stake transports unit, chkt be in the stock market at some point. the company is struggling with austerity policies in europe. it's
." if you just joined us in the states, as well, welcome to the start of your global draid trading day. the ftse down 46 points. a lot of focus in rbs will come on to that. right now, down 0.1%. the xetra dax is currently down 0.2%. and here in france, the cac 40 is down 0.3%. we're focused on renault shares taking a hit on news from its japanese partner nissan. and so renault down 3.7%. nissan, down after the auto giant reported earnings and cut its profit outlook for the year by 20%. nissan was expected to report its second quarter numbers tuesday, but moved the announcement forward. you can see nissan says down 2%. our tokyo bureau chief karen geogi has been in japan at the news conference. sony down 11% at the moment after the company slashed its earnings outlook, as well. head to our website cnbc.com to find out why some strategists are saying that time is now running out for the japanese electronics giant to prove that it can engineer a turn around of its struggling business. as for the rest of the chinese markets, the shanghai composite up by 0.3% at the moment. chinese pmi, 51.
exchange." three hours of programming. the u.s. is closed, of course, today for thanksgiving so we have extra of the good stuff here. we kick off with just a recap of the german jobless numbers. geoff, we were talking about this at the end of "squawk box." a slight tick down in german unemployment. 2.806 million. euro/dollar back up to 1.36, about the best level in six weeks on euro/dollar. eurozone october ends three, up 1.4% on the year, lower than the forecast plus 1.7%. that means the august to october three-month average, 1.9%. weaker than the forecast 2%. and private sector loans in october down 2.1% versus 2% in september. so for those worried about deflation, disinflation, the m3 number will be adding to those concerns. less money in circulation. ecb might be tempted to do more on the back of that. >>> in italy, silvio berlusconi has called for a day of mourning after lawmakers voted to ex expel the former prime minister from parliament after he was found guilty of tax fraud in august. julia is in rome. jules, is this a new dawn in italian politics? are we now in the post berlus
the demise of italia says it would help his company recover. >> one of the great opportunities for us with the 175 aircraft order says alatalia will continue growing. the italians will continue to bail it out. it will continue to create huge opportunities for us. >> air italia seems to be responsible for a lot. you can see the stock price in air france klm drifting 1.6%. alcatel-lucent is down 6.5%. we're going to have more on both of those french docs when we catch up with stefan in paris in half an hour's time. hsbc, we had the numbers out this morning. in line with expectations. 20% higher going through the stock price today. 2.5% is what we're seeing. i want to move on to bond rates and show you what we're seeing. we have a lot of risk and loving attitude. there has been a pickup in the ten year treasury, 2.61%. huge focus on the u.s.gdp. the treasury had pushed lower. we're climbing back out there and the markets are wondering whether we're looking at a december table or if this is a q 1 story. the italia market, 4.11%. holding at the low 4s on the yield. you can see how wide the
'm now joined by lorenzo's executive board member at the ecb. thank you so much for joining us. richard fisher there saying that the fed koovk somewhat clearer in terms of its communication. would you agree with that? >> it certainly creates some uncertainty. now the markets are asking themselves, when? how much? what factor will influence? last week we had a good employment number and the markets reacted negatively, which is really strange. so these -- i think these delays of the tapering has to be resolved sooner or later. >> it is clear that the fed to some extent by continuing to buy bonds in the market, by not tapering, it could create asset bubbles and one of the fed members is quite concerned about that over the last couple of months. do you think that there is the risk of an asset bubble? >> well, if the economy recovers and strengthens and you continue to inject liquidity in the economy, that means that you're becoming more and more accommodating. and so the risk of fueling a bubble is certainly there. >> asset bubbles are great, aren't they, because equity investors feel bette
are working with the ecb in an atmosphere that is very encouraging. let me say, i see some who are calling us here today, just want to tell them that the way they work together is truly very encouraging. it's conducive to mutual trust and to collaboration that is inducive of further progress throughout this difficult exercise. but the exercise here is have a supervisory risk assessment, an asset quality review and a stress test. i will not go into the details here as they are being communicated separately to groups of banks. we already had two meetings. this afternoon there will be a third meeting, and so, we will complete this first round of communication with the banking industry. this exercise is going to be comprehensive because it will cover 128 banks and about 85% of the assets of countries participating in this. it will be consistent because it will be centrally led with a regalist common methodology and there will be no room for perceptions of national bias. there should be no doubt about the credibility and riggor of te assessment or comparability of results. let me add here that by
the number of shares. i'm using the market share. if twitter is valued at less than that buy it and buy more on the way down. if it's valued at more than that, take a pass. even though i trust the banker and the new york stock exchange, i trust both of them more than i trusted the supporting cast for facebook. all right. how about this employment number? we got to have a game plan for that too, right? no one expected a barnburner of a number given the federal government's knuckle headed shutdown and brush with financial death. we don't expect a lot of jobs to be created. people think the only reason it goes up at all is they continue to keep rates low then we should be fine with a weak number, right? still, no. when we get that number people say holy cow this economy is so weak. they'll get really scared and you know what they do, sell, sell, sell. it will be boring and there will be more sellers. no, my solution is if you're at all nervous about friday, under both scenarios, you're going to get -- >> sell sell sell. >> unless the number comes not too strong, not too weak the number could ta
, you know, party and not have something for everybody." so, i want us to have an action plan so that we don't totally undo all the good that we have done up until this point. now, here's what's really important to first understand -- most of the gifts that you give people, they do not want. i mean that. somebody always -- people tend to give me candles. people, i don't want any more candles. i have enough candles. so, why don't we start being smart. first of all, you need to plan how much money can you afford to give in total. then you need to make a list. how many people does this amount of money need to cover? you will divide that amount by the number of people you're gonna give gifts to. let's say it comes out to $25. so, you can spend $25 on each person you want to give a gift to. what i want you to do after that is i want you to go to that person, and i want you to ask them to write down 5 things that they really, really want that are $25 or less. now, they'll have things that they really want. that is their wish list. and if you really want to be santa, then fulfill one of those i
Search Results 0 to 22 of about 23